Aberdeen Standard Physical Silver Shares ETF

The abrdn Silver ETF Trust (ticker: SIVR) is a grantor trust formed on July 20, 2009 whose sole purpose is to hold physical silver bullion on behalf of shareholders. Each share represents a fractional undivided beneficial interest in the Trust's assets, which consist entirely of silver bullion. The Trust is listed on NYSE Arca and is sponsored by abrdn ETFs Sponsor LLC, with The Bank of New York Mellon serving as trustee. The Trust does not employ leverage, derivatives, or active management of any kind — it holds no directors, officers, or employees, and makes no effort to profit from or hedge silver price movements.

The Trust's investment objective is for its shares to reflect the performance of the price of physical silver, less Trust expenses. The shares are designed to give institutional and retail investors a simple, cost-effective alternative to owning physical silver directly, eliminating the logistical burdens of...